As a sourcing & procurement service company founded by SK, Happynarae uses its entire revenue in supporting and connecting social enterprises to generate social value.
● Sourcing & procurement service business that reduces the cost of purchase for clients and increases efficiency and transparency in major industries such as semiconductors, IT, energy chemical, construction, and logistics (Global sourcing & procurement services implemented in Korea, China, Hungary, and United States)
● SOVAC Market, product competitiveness reinforcement project, sales route creation project including connection to external channels to sell the products of social enterprises
● Social venture project such as KAIST Social Entrepreneurship MBA, Impact Unicorn, and Impact Investment Fund to nurture social entrepreneurs and enterprises
● Happy alliance project by the combined force of companies, government, and individual donors to let no one go without a meal in Korea
● Social Value Connect project that expands the base of social value through connections such as SOVAC, Pro Bono, and SE Consultant
Status
- Company Name
- Happynarae.Co.,Ltd.
- Representative
- Yung mo Koo
- Date of establishment
- July 5, 2000 (SE certification: July 2013)
- Shareholder Status
- 100% owned by SK Hynix
- major businesses
- SCM (Supply Chain Management)
service such as sourcing and
procurement of industrial materials
and consumable materials
Online shopping mall for consumable materials (Speed Mall) - Sales
- KRW 1 trillion 352 billion (estimated in 2020)
- Employment status
- 273 employee (as of 2020)
- Home page
- www.happynarae.com
www.speedmall.co.kr
www.socialvalueconnect.com
CI
Mission
SCM Social Enterprise creating social value together with customers
- SCM specialized social enterprise
- SCM Customer/Partner
- Social enterprise
- All the Stakeholders
- With customers
- Based on SCM expertise
- Providing the best customer value
- Creating social value
- Enhancing the sustainability of social enterprises
- Support for the creation of Social Value for the companies
- Leading the vitalization of the social economy ecosystem
History
- 2000
- Started business (Affiliated with America's largest Industrial Supplier 'W.W Graninger')
- 2011
- Declared transition to social enterprise
- 2012
- Changed company name to ‘Happynarae Co., Ltd.’
Priority purchase from social enterprises and start hiring the vulnerable
- 2013
- Obtained social enterprise certification from the Ministry of Employment and Labor (No. 2013-067)
-Established a subsidiary in Suzhou, China (Launching business in China)
- 2014
- Awarded the 2014 Presidential Award (Contribution to fostering social enterprises)
- 2015
- Established Chongqing Corporation in China
- 2016
- Started support for KAIST SE MBA, Social Performance Incentive (SPC)
- SCM operation system advancement (HAVIS open)
- 2018
- Started to invest in social enterprise fund
- 2019
- Launching 2019 Happy Alliance/ Probono Business
- 2020
- Launching 2020 Impact Unicorn Alliance Model